Trump speech: We're gonna be paying down debt, reducing taxes

Eren Sengezer FXStreet

Donald Trump delivers a speech at the Palm Beach Convention Center after he is widely projected to win the presidency.

Trump speech key takeaways

"We're going to help our country heal."

"We made history for a reason tonight, it's a political victory."

"I thank the American people for honor of being elected."

"I will fight for every citizen."

"This is a magnificent victory for the American people."

"We are now winning in Michigan, Arizona, Nevada, Alaska."

"America has given us an unprecedented mandate."

"We've taken back control of Senate."

"Gonna have to seal up borders."

"Want people to come back in but they have to come in legally."

"We're gonna be paying down debt, reducing taxes."

"China doesn't have what we have."

"We want to have borders, security."

"We want a strong, powerful military."

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

GBP/USD treads water just below 1.3300

GBP/USD alternates gains with losses just below 1.3300 the figure on Tuesday. Indeed, Cable struggles to build recovery momentum as the Greenback benefits from a cautious market mood ahead of the Fed’s meeting on Wednesday and the BoE’s gathering on Thursday.

EUR/USD turns positive past 1.1370

EUR/USD rebounds from earlier multi-week lows and flirts with the 1.1380 zone, up marginally for the day on Tuesday. Uncertainty surrounding the US-Iran conflict weighs on risk sentiment and caps the pair’s upside, while investors avoid taking large positions ahead of the highly anticipated Fed meeting on Wednesday.

Gold closes in on $4,000 ahead of FOMC decision

Gold (XAU/USD) maintains its offered on Tuesday and declines toward the $4,000 psychological level. This follows the previous day's failure to find acceptance above the $4,100 mark and suggests that the path of least resistance for the bullion remains to the downside amid a bullish US Dollar (USD), which draws support from escalating geopolitical tensions ahead of the cricital FOMC meeting.

Bitcoin slips below $64,000 as risk-off sentiment grips markets

Bitcoin (BTC) is extending its correction, trading below $64,000 at the time of writing on Tuesday after losses of over 2.5% the previous day. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) recording a mild outflow on Monday, marking three consecutive days of withdrawals.

Indian Rupee outlook: Downtrend set to persist – Just at a slower pace

The Indian Rupee just endured its most brutal six-month stretch in years, battered by a perfect storm of global shocks. From United States (US)-India trade uncertainty to surging Oil prices and the significant outflow of Foreign Institutional Investment (FII) from the Indian stock market, every event brought nothing but pain for the Indian currency.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.